You will typically need be at $500k+ purchase points but its usually worth it vs buying lower class areas or single families.

Investment Info:Single-family residence buy & hold investment.

The rental demand in the area has been consistent, and duplexes offer the flexibility of house hacking or scaling into multi-family investing over time.With your experience in construction and remodeling, you’re already ahead of the game—fix-and-flips or BRRRR projects in Kansas City could be a perfect fit for you. 

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

On average we have spent about $60k to reset the clock on a 1960's single family home.

Investment Info:Single-family residence fix & flip investment.

My suggestion if your goal is to free up some equity to use for another purchase - start small with the single family home with a cash out refinance.

The company lists single family homes in certain targeted markets and, through their “knowledgeable investment counselors,” put sellers (the owners of the various properties) and buyers (who they educate, prepare and counsel) together and in the process Norada Real Estate Investment receives a marketing fee.

Quote from @Andrew Betts: A single family home with a pool near Disney would be ideal, however there are around 70,000 of those available.

I found a single family home built in 2004 for $240,000 and believe I can get 20% down within 12 months.